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November 03, 2004 at 07:00 PM
Nov. 2, 2004 — As it has been throughout the year, American Funds was the best selling fund complex in September, and its Growth Fund of America/A (AGTHX) was the top seller among individual funds, according to Financial Research Corp.
Among the 25 largest U.S. fund companies, American took in $6.1 billion in assets during the month, and its Growth Fund of America attracted an estimated $1.3 billion, the Boston-based fund tracker said.
Overall, mutual funds and exchange-traded funds that invest in domestic stocks saw inflows of $11.4 billion, and international stock funds and ETFs took in $7.5 billion.
Bond funds and ETFs netted about $2.6 billion, FRC said. Corporate bond funds took in approximately $3.6 billion, but assets in government bond funds fell by $793 million, and funds that invest in municipal bonds lost $141 million.
